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Turnaround Restructuring & Insolvency Executive

Reading, Berkshire
£35,000 to £45,000
Job Type
1 Jan 2022

Looking for a change from Audit?

Ambition are currently working with an established Top 50 accountancy practice that are looking for a Turnaround, Restructuring & Insolvency Administrator in either Reading or Southampton. They are keen to speak to those with Audit experience but looking to make a move into the Restructuring sector. If you ACA/ACCA qualified the firm can look to cover your clawback costs. Alternatively, if you are part-qualified they can continue to fund and support your study.

A career in Turnaround, Restructuring, and Insolvency will provide a great deal of variety. You will have exposure to many different industries, sizes of business and entrepreneurs. You will benefit from a close working relationship with senior members of the team providing you with high quality on the job training. The Partner in this team has also won multiple indusry awards for his work. Job satisfaction will come from being part of a successful team and from knowing that you have made a difference to the outcome for many different stakeholders including; directors, shareholders, employees, creditors etc.

The Role:

  • For turnaround assignments assisting partners, directors and managers with:
    • Reviewing and analysing financial performance of entities
    • Preparing integrated cash flow, profit and loss and balance sheet forecasts
    • Advising on options available for improvements in performance / turnaround
    • Preparing formal and informal turnaround plans
    • Considering funding requirements for the purpose of obtaining funding
    • Ongoing reviews of implemented turnaround strategies
  • For formal insolvency appointments assisting partners, directors and managers with;
    • Attending initial meetings with directors,
    • Conducting a solvency review,
    • Preparing letters of advice,
    • Preparing documents of appointment
    • Preparing proposals, progress reports, and final reports
    • Investigating the conduct of directors
    • Assisting employees making claims for arrears of wages, redundancy pay etc
    • Realising assets
    • Dealing with creditor queries, then agreeing and paying claims
    • Ensuring that key targets are met as per the cases' diaries
  • Involvement in business development and marketing activities
  • Over time we would expect the administrator to take on their own small portfolio of clients and be responsible the management of those cases

The Person will:

  • Be able to prepare written reports to a high standard, providing the reader with a narrative explanation/ interpretation of financial results
  • Ideally have been in an accountancy / bookkeeping role as you will be expected to interpret financial statements, review and prepare and forecasts and various financial documents
  • Have advanced and comprehensive spreadsheet skills with strong numerical ability
  • A good communicator who is confident, enquiring and happy to challenge when appropriate
  • Have the ability to stand back and look at the bigger picture as well as having a keen eye for detail
  • Work at pace with a good deal of energy and enthusiasm and be comfortable with a dynamic and changing environment
  • Be able to quickly assimilate information from a number of sources
  • Be comfortable in delivering high standard work to tight deadlines
  • Be resilient in difficult situations e.g. you may be tasked with undertaking redundancy consultations
  • Able to work effectively as part of a team
  • Have strong IT skills, including Word and Excel, and the ability to adapt to unfamiliar packages;
  • Have a flexible and proactive approach

The firm does not expect you to have turnaround or insolvency as detailed training & support will be provided. Whilst an AAT, CPI or ACCA/ACA is desirable, it is not essential and they can cover clawback costs and provide further study support.

Interest in this role is expected to be high so if you're interested then click apply now and one of the team will be in touch to discuss.

If this job isn't quite right for you, but you know someone who would be great at this role, why not take advantage of our referral scheme? We offer £200 in shopping vouchers for every referred candidate who we place in a role. Terms & Conditions Apply. https://refer-a-friend

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  • Job Reference: 460877437-2
  • Date Posted: 1 January 2022
  • Recruiter: Ambition Europe Limited
    Ambition Europe Limited
  • Location: Reading, Berkshire
  • Salary: £35,000 to £45,000
  • Sector: Accounting
  • Job Type: Permanent